The Camp Verde Town Council unanimously approved the town’s fiscal year 2025-26 budget of just under $64.3 million during its June 4 meeting.
“This is going to be another tough financial revenue year,” Town Manager Miranda Fisher said, adding that budgeted revenues for the year were $59.3 million. Fifty-six percent of the total was expected to consist of grants and donations.
“Quite honestly for probably the first time since I’ve been here, there’s actually a really good chance we could get a high percentage of that amount,” Finance Director Michael Showers said. “We have to plan for everything large or budget-wise, we get ourselves into trouble. There’s really a good chance we could see a big chunk of that come through. Lastly, you get to the debt funds that are actually loans in the general fund and that is the loan money that comes in to help fund some of the purchases.”
Showers said local sales tax revenues were expected to be nearly $8.5 million and state shared revenues $6.9 million.
General fund expenses were budgeted at $14 million, a 1.5 % decrease from the FY25 budget, while healthcare costs increased 6% and wages and benefits 2.3%, with wages and related expenses accounting for $10.9 million, or 78%, of the general fund expenditures, $4.2 million of which was for the Camp Verde Marshal’s Office.
The budget also included three projects expected to be funded by federal grants, Montezuma Castle Highway road improvements and curb and sidewalk improvements and a realignment of the north end of Main Street, at an expected cost of $22 million, and two water projects expected to be funded by federal grants at a cost of $3 million.
